Counsel Corporation CXSNF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Ouch

[goldpolka]

Well, if there is hair, you get a haircut.  You fix it, and then it's better.  Or your hair grows in, and things are better.  Honestly.

IMHO, it SHOULD be just a matter of time.  Sure, they could get "turned down", told to fix certain things, add more controls, etc.  But EVENTUALLY, they just need to ultimately prove to the gov't that they have good standards and controls and can run a mortgage book ?  (when these guys have been doing this at Street Capital and their roles prior to Street for many years).

So, the navel gazing about "shadows" and "hair somewhere" ... why waste your time.

As someone said before on this Board, this isn't a short term trade ... it is a long-term value play, which SHOULD pan out in time.  Those looking for news "tomorrow" and huge price appreciation are likely to be disappointed.  And nothing is ever guaranteed.

I would point out that the stock has traded down from its close of 1.34 on Dec.31 close on only about 200,000 shares.  If my math is right, this is less than 0.2% of the outstanding shares (120million).

So, those who are "spooked" by price movements based on such light volume probably should own something else.  For those with the stomach, seems like today's price is a reasonably good point of entry.

GLTA ... just my opinions.  Do your own homework before you do any buying !